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Pour Point Depressant Market is Anticipated to Witness Steady Growth Owing to Increasing Demand from Automotive Industry

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ashwini bakhade
Pour Point Depressant Market is Anticipated to Witness Steady Growth Owing to Increasing Demand from Automotive Industry

Pour point depressant is an organic additive used in diesel, gasoline, aviation fuel, lubricating oil and other petroleum products to lower the temperature at which these fluids will flow or pour. They are often used as viscosity modifiers and pour point depressants to help ensure fuels and lubricants perform properly under cold conditions. Pour point depressants are formulated to interfere with wax crystal formation and prevent large clusters from forming, keeping the wax dispersed and in a more liquid state. This allows the treated fuels and lubricants to flow more readily at lower temperatures. Requirement of pour point depressants is rising in the automotive industry with increasing demand for passenger cars and commercial vehicles utilizing diesel and gasoline across the globe.

The Global Pour Point Depressant Market is estimated to be valued at US$ 2.21 BN in 2024 and is expected to exhibit a CAGR of 4.4% over the forecast period 2024 to 2031


Key Takeaways


Key players operating in the Pour Point Depressant Market Size are CLARIANT, Afton Chemical, The Lubrizol Corporation, Evonik Industries, Infineum International Limited, Ecolab, Shengyang Greatwall Lubricant Oil Co.,Ltd., Puyang Jiahua Chemical Co., Ltd., Sanyo Chemical Industries, Ltd., Innospec. With a strong portfolio of pour point depressant products, these players are focusing on capacity expansion plans and new product developments catering to various end-use applications.


The key opportunities in the pour point depressant market include growing adoption in the automotive lubricant sector owing to surging vehicle ownership across developing regions. Expanding cold climatic zones due to climate change is also prompting increased demand from oil and gas industry for transportation of petroleum products even in sub-zero temperature regions.


Major players are eyeing lucrative opportunities in Asia Pacific and Latin America with rampant growth in automotive sales. Regional presence is being strengthened with new production plants and collaborations with local distributors to better address pour point depressant requirement of automakers and fuel suppliers establishing manufacturing bases in emerging nations.


Market drivers: Increasing global vehicle fleet is a major market driver as pour point depressants are extensively used in automotive lubricants like engine oil, transmission fluid, brake fluid etc. Rising disposable income in developing countries is propelling vehicle ownership. Growth in oil and gas pipeline network is another key factor driving demand for pour point depressants to facilitate transportation of crude and refined fuels in subarctic areas.


Market restraints: Volatility in raw material prices impacts pour point depressant prices. Fluctuations in prices of crude oil from where base stocks are derived hampers consistent supply of pour point depressants. Stringent environmental regulations regarding use of certain chemical additives may also restrain market growth to a certain extent over the forecast period.


Segment Analysis


Pour Point Depressant market is dominated by lubricant additives sub segment.Lubricant additives accounted for over 65% share of the overall pour point depressant market in 2024.This is because pour point depressants or PPDs are widely used as lubricant additives to regulate the pour point of various lubricating oils which helps increase their fluidity at low temperatures and prevents wax precipitation.


The other major sub segments include fuel additives and industrial chemicals. Among them, fuel additives sub segment is emerging as a fast growing segment owing to increasing usage of PPDs in diesel and biodiesel to reduce wax crystallization at low temperatures especially in colder regions.


Global Analysis


Regionally, Asia Pacific dominated the global pour point depressant market in 2024 with a share of over 35%. This is attributed to huge consumption of pour point depressants in lubricating oil formulations in automotive, industrial and marine sectors particularly in China and India. Growing automotive production and sales along with improving economic conditions are fueling the demand for PPDs in Asia Pacific region.


North America stood as the second largest market and is projected to witness fastest gains during the forecast period. This is due to extensive usage of pour point depressants as lubricant and fuel additives by petro-refineries, oil and gas sector in the region especially in the US and Canada. Rising exports has further augmented the PPDs market expansion in North America.


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